If Your Life Changed In 2021, Watch For Income Tax Surprises

Some taxpayers might get refunds and breaks they didn’t anticipate, while others could be paying more than they set aside.

The events of 2021 didn't always play out as expected. A lingering pandemic, a shifting government response and a wave of career moves meant many people ended the year in a far different place from where they began.

Now, as the income tax filing deadline approaches, those life changes may bring a new wave of surprises for U.S. taxpayers.

If your income changed, or if you made money in the stock and cryptocurrency boom, you may find a larger-than-usual tax bill. If you welcomed a new child or had major medical expenses, you might qualify for new breaks.